The Real Deal New York

Ghost towers prevalent, The Real Deal says on Fox Business

The Real Deal’s Deputy Editor Jill Gardiner appeared on Fox Business Friday to discuss the unfinished towers dotting New York City, a topic covered by reporter Sarah Ryley in the June issue of The Real Deal. Gardiner discussed the two problems driving the ghost tower phenomenon: lack of final construction financing and the disappearance of buyers for new condos. It’s also difficult for buyers to get mortgages, Gardiner said, in under construction buildings.

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